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Aligning the Capital Gains Tax Scrip for Scrip Roll-Over Requirements with the Corporations Act 2001


Wednesday, 6 January 2010

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On 6 January 2010, the Assistant Treasurer announced that the Government will carve-out certain takeovers and mergers from having to meet the substantially the same participation requirements of the capital gains tax (CGT) scrip for scrip roll-over.

The Assistant Treasurer indicated that the Government would undertake consultation on the design of the amendments and that the Additional Information in his media release would form the basis of this consultation.

Making a submission

Interested parties are invited to comment on the design of the amendments as set out in the Additional Information. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 5 February 2010

Address written submissions to:
The General Manager
Business Tax Division
The Treasury
Langton Crescent

Fax:(02) 6263 4466

For enquiries, please call Philip Akroyd on (02) 6263 4385.

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Submissions: Aligning the Capital Gains Tax Scrip for Scrip Roll-Over Requirements with the Corporations Act 2001 - 3/06/2010
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